Emergent Strategies Are Only Important When a Firm Fails to Implement

question 18

True/False

Emergent strategies are only important when a firm fails to implement the strategic management process effectively.

---

Definitions:

Resale Price Maintenance

A practice where a manufacturer and its distributors agree on the selling prices of the products to end customers.

Predatory Pricing

A strategy whereby a dominant company temporarily reduces prices to a level that is unprofitable for competitors in order to drive them out of the market.

Tying

A sales strategy where a seller requires buyers to purchase a secondary product or service together with the primary product.

Output Effect

The change in total revenue resulting from a change in quantity sold, holding price constant.